§ 2003 Corporate Director Dispute Resolution

Corporations Code·California

AI SummaryVerified

This law says that if a company's leaders are missing, dead, or won't do their job, someone can ask a court to figure out who the real leaders are or pick new ones to close down the company.

Key Takeaways

•If a company's leaders are missing or not doing their job, someone can ask a court for help.
•The court can decide who the real leaders are or pick new ones.
•This is only for closing down the company, not running it normally.

Example

A small local business has 3 directors, but 2 of them disappear and the third one refuses to help shut down the company when it goes bankrupt.

A worker or a creditor can go to court and ask a judge to either confirm who the real directors are or appoint new ones to close the business properly.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 2003 Corporate Director Dispute Resolution

When the identity of the directors or their right to hold office is in doubt, or if they are dead or unable to act, or they fail or refuse to act or their whereabouts cannot be ascertained, any interested person may petition the superior court of the proper county to determine the identity of the directors or, if there are no directors, to appoint directors to wind up the affairs of the corporation, after hearing upon such notice to such persons as the court may direct. (Added by Stats. 1975, Ch. 682.)

Last verified: January 10, 2026

Key Terms

directors petition superior court wind up the affairs of the corporation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 2003.

§ 2003 Corporate Director Dispute Resolution

Corporations Code·California

AI SummaryVerified

§ 2003 Corporate Director Dispute Resolution

This law says that if a company's leaders are missing, dead, or won't do their job, someone can ask a court to figure out who the real leaders are or pick new ones to close down the company.

Key Takeaways

•If a company's leaders are missing or not doing their job, someone can ask a court for help.
•The court can decide who the real leaders are or pick new ones.
•This is only for closing down the company, not running it normally.

Example

A small local business has 3 directors, but 2 of them disappear and the third one refuses to help shut down the company when it goes bankrupt.

A worker or a creditor can go to court and ask a judge to either confirm who the real directors are or appoint new ones to close the business properly.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 2003 Corporate Director Dispute Resolution

Last verified: January 10, 2026

Key Terms

directors petition superior court wind up the affairs of the corporation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 2003.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References